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10.1016/j.jimonfin.2020.102301

http://scihub22266oqcxt.onion/10.1016/j.jimonfin.2020.102301
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33041419!7532754!33041419
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suck abstract from ncbi

pmid33041419      J+Int+Money+Finance 2021 ; 110 (ä): 102301
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  • Two challenges from globalization #MMPMID33041419
  • Obstfeld M
  • J Int Money Finance 2021[Feb]; 110 (ä): 102301 PMID33041419show ga
  • This speech highlights two channels through which globalization poses challenges for monetary policy. The first channel is through the global determination of the average world natural real rate of interest, which implies that saving and investment shifts abroad can influence the domestic interest rate setting consistent with price stability. The second channel is through global digital payments systems, which may compromise domestic policy sovereignty through effects on both monetary and financial stability.
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